---
schema_version: "secwatch.filing_event.v1"
accession: "0001493152-26-022736"
form_type: "8-K/A"
ticker: "SAFX"
cik: "0002019793"
company_name: "XCF Global, Inc."
filed_at: "2026-05-13T20:20:27+00:00"
generated_at: "2026-05-13T21:50:25.043864+00:00"
event_type: "debt"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# XCF Global to issue 37M shares to Encore DEC, settling $16.7M debt and liens

## Summary
- Settles ~$16.7M of accounts payable and property liens with Encore DEC via 37M shares of Class A common stock at $0.451/share.
- Post-conversion, Randy Soule (Encore owner) will beneficially own ~30.56% of XCF's outstanding Class A common stock.
- The company also secured a forbearance arrangement with its landowner to enhance financial flexibility.
- The agreement fully satisfies the payable balance and eliminates all property liens on the New Rise Reno facility.
- CEO Chris Cooper states the transaction shows continued progress on financial priorities and stakeholder confidence.

## SEC filing metadata
- accession: 0001493152-26-022736
- form_type: 8-K/A
- ticker: SAFX
- cik: 0002019793
- company_name: XCF Global, Inc.
- filed_at: 2026-05-13T20:20:27+00:00
- event_type: debt
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 1.01, 2.03, 3.02, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/2019793/000149315226022736/0001493152-26-022736-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/2019793/000149315226022736/form8-ka.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001493152-26-022736
- JSON: https://secwatch.observer/filing/0001493152-26-022736.json
- Plain text: https://secwatch.observer/filing/0001493152-26-022736.txt

## Key facts
- Material Agreements
  XCF Global, Inc. entered into Encore Agreement with Encore DEC, LLC valued at approximately $16.7 million (effective 2026-05-06).
  - Action: entry
  - Agreement: settlement
  - Counterparty: Encore DEC, LLC
  - Value: approximately $16.7 million
  - Effective: 2026-05-06
  source text: On May 6, 2026, the Company, New Rise Renewables Reno, LLC (“ New Rise Reno ”), a subsidiary of the Company, and Encore DEC, LLC (“ Encore ”) entered into a payable acknowledgement and settlement agreement (the “ Encore Agreement ”), pursuant to which approximately $16.7 million of outstanding accounts payable due to Encore DEC will be settled through the issuance of 37,033,386 shares of the Company’s Class A Common Stock
  evidence_url: https://www.sec.gov/Archives/edgar/data/2019793/000149315226022736/0001493152-26-022736-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.